Business, 27.02.2020 05:21, kentavonwilliam

9)What is the dominant strategy for bidders in an English oral auction?9)A)Bid until the previous bid price equals the reservation price of the last bidder. B)Keep bidding until all other bidders quit, regardless of your reservation price. C)Bid until the first-price and second-price bids are equal. D)Stop bidding once the price exceeds your reservation price.

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9)What is the dominant strategy for bidders in an English oral auction?9)A)Bid until the previous bi...